No Irresponsible Citizen Left Behind?
A reader writes: I live in Santa Cruz California where the median home price shot up close to $900,000 at the peak of the real estate boom. My wife & I realized that there was no way that we could afford to buy a home responsibly, so we reluctantly decided to rent forever. Many of our friends who are financially reckless decided to buy condos with no money down adjustable rate interest only loans. I don’t understand why the government should bail these people out. If I had known that r
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Tags: California, Government, Home, Loan, Money, Real estate